Weekly Wrap-up: Amazon Prime, Ola Lux, OnePlus 3, BharatVani & More…

It’s Monday morning and time to do a quick wrap-up of posts published on trak.in last week, before we move forward. If you were offline for any reason, this is a great way to catch up with all the Tech buzz happened last week.

The Centre for Development of Advanced Computing, which made India proud by developing India’s first supercomputer PARAM has been assigned the responsibility to create and build Make in India supercomputer under National Supercomputing Mission.

Jabong is going to stop selling some low margin brands online and focus more on premium lifestyle products. The low margin brands include nearly 75% of its private labels, and the focus now will be on 200-300 top selling profitable brands.

Tiens Group, a Chinese multinational conglomerate plans to not only have a online marketplace, but also plans to expand its direct selling business in the country reports PTI.

The rise of new technologies has further allowed audiences to opt out of ads from cable networks to DVRs and then the Internet. This audience, which has evolved to circumvent ads, is called the ‘skip generation’.

Amazon India, in February of this year stopped providing refunds on Mobile phone purchases. They have now extended this rule on other electronics products as well. As per the updated returns policy page, all tablets, laptops, desktops, monitors, cameras and camera lenses will only be eligible for replacements.

Under ‘Digital India’ mission, Indian Government has created nation’s first and largest multilingual dictionary, access to which is completely online. Named as BharatVani.in, this dictionary can right now translate words from 22 different languages, and is and in the coming days, Government aims to add 100 more languages into the platform.

When RBI approved payments bank licenses for 11 entities last August, it was widely hailed as the arrival of new and agile era of banking. However, since then, the euphoria seems to have given way to pessimism – so much so, that 3 players have dropped out of Payments bank race. The latest one being Indian IT firm Tech Mahindra.

IIM-A has locked horns with Flipkart over delay in campus placements; The relation between India’s premier educational institutions like IIT, IIM and ecommerce startups have always been dicey. After Zomato was blacklisted by 6 IITs over their campus placement policies, its the turn of Flipkart to get some bad karma over their hiring policies.